Hub International added to its New England insurance group by buying Rubino Enterprises, which is also known as TYG Insurance, the acquisitive Chicago-based broker said today.
HCI Group bounced back to an underwriting gain in the fourth quarter compared with the catastrophe hit year-earlier period, and the carrier’s combined ratio improved dramatically.
Axa's ratings have been placed under review with negative implications by Moody's, S&P Global Ratings and Fitch Ratings on the heels of the carrier's deal to buy XL Group for $15.3bn.
Bermuda-based (re)insurers' shares bounced higher today in New York, led by a 7.5 percent jump for RenaissanceRe on news of Axa's $15.3bn bid to buy XL Group.
